RECPDCL Floats Tender for Procuring 500 MW Solar Power Capacity
REC Power Development and Consultancy Ltd. (RECPDCL), has floated a Request for Selection (RfS) inviting solar power producers to set up Inter-State Transmission System (ISTS)-connected power projects of 500 MW cumulative capacity.
Power Developers will be selected through Tariff Based Competitive Bidding (TBCB). The successful bidder will be signing a 25-year Power Purchase Agreement (PPA) with Damodar Valley Corporation (DVC). Minimum capacity of an individual solar project under this tender has been fixed at 50 MW. The land on which the projects will be developed, and their connectivity to the ISTS will fall under the scope of work of the selected power producer.
Last date for the submission of bids is 23rd December 2022, and the projects under this tender must be commissioned within 18 months from the date of signing the PPA.